Rafael Nam
👤 SpeakerAppearances Over Time
Podcast Appearances
Visitors can get more dollars back when they exchange their currencies.
But there are also disadvantages.
It can make some stuff imported from overseas more expensive.
And that bucket list trip to Paris becomes more expensive for Americans.
So yes, there are benefits to a weaker dollar.
But there can also be a bit of me.
It's a phrase the president deeply dislikes, but Wall Street investors stand by what they call the taco trade.
Last weekend, Trump threatened to impose additional tariffs on several European allies, unless the U.S.
was given control of Greenland.
That sent stocks sharply lower, but the president then backed down after saying he had agreed to a framework of a deal.
He provided no details, but investors were relieved, sending stocks sharply higher before gains eventually stalled.
The Dow Jones and the S&P ended the week with small losses, but it could have been worse.
Once again, the taco trade came through.
It's a phrase the president deeply dislikes, but Wall Street investors stand by what they call the taco trade.
Last weekend, Trump threatened to impose additional tariffs on several European allies, unless the U.S.